Bond investments are subject to multiple risks including market risks. Market risk means that the market value of your bonds is lower than what you paid for it – which is what will happen if yields rise. If yields fall, your bonds will actually rise in value.
Having said that, if you are investing for a short-term goal, please ensure your debt mutual fund has a similar or shorter average tenure, or duration. And that it doesn’t take on undue credit risk.
You might want to watch this video https://youtu.be/5g-g4dsS8vI